Archives for 2018
Eagle Ford oil and gas driller Penn Virginia Corp. bought for $1.7 billion
Independent oil and gas driller Penn Virginia Corp. was bought Sunday in a deal worth $1.7 billion. Source: FuelFix
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Hedge funds back off on oil as Saudis signal OPEC to open spigot
Saudi Arabia is scaring hedge funds. Money managers slashed bets on rising West Texas Intermediate crude prices to the lowest in more than a year, with total positioning on the U.S. benchmark down to a...
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North Dakota, Alaska lead rig count growth as Texas dips
Both North Dakota and Alaska tacked on multiple drilling rigs last week to account for a small hike in the nation’s rig count. Source: FuelFix
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NOV posts tiny $1 million net gain
Houston’s National Oilwell Varco managed to turn a tiny $1 million net profit in the third quarter as activity slowed in the onshore U.S. because of pipeline shortages, especially in West Texas’ Permian Basin. Source:...
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Phillips 66 posts higher Q3 profits across operations
Phillips 66 reported higher profits and revenue in the third quarter with all of its major business segments posting stronger earnings. Source: FuelFix
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